It’s hard enough not to hurl between the drills and the heat
It’s hard enough not to hurl between the drills and the heat.”"Maybe he needs some support,” I said.”You mean, maybe I shouldn’t be such a jerk?”"No, I mean maybe he needs to wear a ‘Bro.’”"I thought it was called a ‘Manziere.’”"Whatever, Jason Hey, good luck with your boycott Maybe you’ll get traded Sounds like you’ve really thought this out.”"Thanks, Kev. See ya around.”As I was leaving, Taylor was racking his brain for one more brazen idea.”I wonder if that guy from Deal or No Deal likes his job…”. *Raytheon, Goodrich, L-3 top estimates in Q1 Stocks *Goodrich cuts year sales outlook *Raytheon boosts outlook *Raytheon shares up 3.7 pct, Goodrich up 5.1 pct ATLANTA, April 23 (Reuters) – Defense and aerospacecompanies posted higher-than-expected first-quarter earnings onThursday, aided by share repurchases and cost controls, butgave a mixed outlook for the year. Raytheon Co (RTN.N) and L-3 Communications Holdings (LLL.N)said sales rose and lifted their full-year forecasts.
Butaircraft parts maker Goodrich Corp (GR.N) said a weakercommercial aerospace market would hurt sales this year. Raytheon shares were up nearly 4 percent in morning tradingwhile Goodrich gained more than 5 percent L-3 fell over 1percent. Defense companies have been overshadowed by concerns overthe direction of U.S. spending in the wake of recent proposalsfrom the Pentagon that would scale back big weapons programs. David Wajsgras, Raytheon chief financial officer, saidDepartment of Defense support for Terminal High Altitude AreaDefense system and Standard Missile programs boded well for hiscompany. Raytheon boosted its outlook for full-year sales andearnings on Thursday, citing the effect of share repurchasesand strength in segments such as technical services andimproved margins in network centric systems.
Goodrich, which makes parts for plane makers Boeing Co(BA.N) and EADS (EAD.PA) unit Airbus, cited weakening worldwideair travel, weaker-than-expected conditions for freight trafficand production cuts in business jets in lowering its salesforecast and the top end of its full-year profit outlook. “Clearly commercial aerospace end markets are challenged,”Goodrich Chief Executive Marshall Larsen said in a statement. Still, Goodrich shares rose on stronger-than-expectedfirst-quarter results. “It is impressive that the company was able to maintain thelower end of EPS guidance (for the year) despite a substantialreduction in the outlook for high-margin aftermarket sales,”J.P. Morgan analyst Joseph Nadol said in a research note onGoodrich.
Goodrich said it now expects full-year earnings of $4.50 to$4.75 a diluted share, compared with a previous forecast of$4.50 to $4.90 a share. It expects full-year sales of $6.9billion, below a prior forecast of as much as $7.2 billion. QUARTERLY RESULTS Raytheon, which supplies Patriot missile defense systemsand other military electronics said earnings from continuingoperations came to $457 million, or $1.11 a share, for thefirst quarter, better than the $1 a share expected by analysts,according to Reuters Estimates. Raytheon expects full-year sales of $24.4 billion to $24.9billion, compared to a prior outlook of as much as $24.8billion. It expects profit from continuing operations of $4.55to $4.70, up from $4.45 to $4.60 previously. At L-3, which provides aircraft maintenance, communicationssystems and government services, net income was $201 million,or $1.66 a diluted share, for the first quarter, better thanthe $1.63 a share analysts expected on average Sales rose 4percent.
